Converts an interest rate from one compounding convention to another (for example from semi-annual to monthly compounding or from annual to continuous compounding)
1 | equiv.rate(rate, from.freq = 1, to.freq = 1)
|
rate |
The interest rate in decimal (0.10 or 10e-2 for 10%) |
from.freq |
Frequency of compounding of the given interest rate: 1 for annual, 2 for semi-annual, 12 for monthly, Inf for continuous compounding. |
to.freq |
Frequency of compounding to which the given
interest rate is to be converted: 1 for annual, 2 for
semi-annual, 12 for monthly, |
Add the following code to your website.
For more information on customizing the embed code, read Embedding Snippets.